v3.25.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - SWEPCo - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
REVENUES        
TOTAL REVENUES $ 5,086.9 $ 4,579.2 $ 10,550.3 $ 9,604.9
EXPENSES        
Purchased Electricity, Fuel and Other Consumables Used for Electric Generation 1,541.4 1,368.5 3,394.3 2,944.3
Other Operation 537.6 817.3 1,290.0 1,579.6
Maintenance 390.7 351.5 709.2 669.0
Depreciation and Amortization 853.1 821.9 1,686.5 1,609.0
Taxes Other Than Income Taxes 365.0 393.6 787.0 804.0
TOTAL EXPENSES 3,687.8 3,895.3 7,867.0 7,748.4
OPERATING INCOME 1,399.1 683.9 2,683.3 1,856.5
Other Income (Expense):        
Allowance for Equity Funds Used During Construction 57.1 55.2 114.4 98.8
Non-Service Cost Components of Net Periodic Benefit Cost 34.6 37.4 69.7 82.5
Interest Expense (489.5) (465.6) (984.4) (901.2)
INCOME BEFORE INCOME TAX EXPENSE (BENEFIT) AND EQUITY EARNINGS 1,016.8 324.0 1,906.3 1,163.3
Income Tax Expense (Benefit) (250.9) 6.7 (125.4) (135.2)
Equity Earnings of Unconsolidated Subsidiaries 20.6 25.2 58.8 49.7
NET INCOME 1,288.3 342.5 2,090.5 1,348.2
Net Income Attributable to Noncontrolling Interests 62.5 2.2 64.5 4.8
EARNINGS ATTRIBUTABLE TO AEP COMMON SHAREHOLDERS, Basic 1,225.8 340.3 2,026.0 1,343.4
EARNINGS ATTRIBUTABLE TO AEP COMMON SHAREHOLDERS, Diluted 1,225.8 340.3 2,026.0 1,343.4
SWEPCo        
REVENUES        
TOTAL REVENUES 570.4 395.8 1,101.5 912.0
EXPENSES        
Purchased Electricity, Fuel and Other Consumables Used for Electric Generation 192.5 193.4 383.4 378.0
Other Operation 107.1 116.3 204.8 229.2
Maintenance 50.1 53.4 84.9 90.6
Depreciation and Amortization 107.8 101.2 206.0 179.9
Taxes Other Than Income Taxes 29.3 25.5 64.1 59.7
TOTAL EXPENSES 486.8 489.8 943.2 937.4
OPERATING INCOME 83.6 (94.0) 158.3 (25.4)
Other Income (Expense):        
Interest Income 2.4 4.3 4.9 8.3
Allowance for Equity Funds Used During Construction 3.7 3.4 7.0 6.8
Non-Service Cost Components of Net Periodic Benefit Cost 1.7 2.4 3.4 5.0
Interest Expense (33.6) (29.7) (72.9) (43.2)
INCOME BEFORE INCOME TAX EXPENSE (BENEFIT) AND EQUITY EARNINGS 57.8 (113.6) 100.7 (48.5)
Income Tax Expense (Benefit) (58.3) (44.2) (64.6) (188.3)
Equity Earnings of Unconsolidated Subsidiaries 0.3 0.3 0.6 0.7
NET INCOME 116.4 (69.1) 165.9 140.5
Net Income Attributable to Noncontrolling Interests 0.8 1.0 1.8 2.5
EARNINGS ATTRIBUTABLE TO AEP COMMON SHAREHOLDERS, Basic 115.6 (70.1) 164.1 138.0
EARNINGS ATTRIBUTABLE TO AEP COMMON SHAREHOLDERS, Diluted 115.6 (70.1) 164.1 138.0
Electric Generation, Transmission and Distribution | SWEPCo        
REVENUES        
TOTAL REVENUES 543.7 546.1 1,066.4 1,055.4
Sales to AEP Affiliates | SWEPCo | Affiliated Entity        
REVENUES        
TOTAL REVENUES 24.4 18.7 35.5 30.8
(Provision for)/Reversal of – Revenue Refund – Nonaffiliated | SWEPCo        
REVENUES        
TOTAL REVENUES 1.8 (171.4) (4.5) (180.5)
Other Revenues        
REVENUES        
TOTAL REVENUES 158.8 135.9 290.6 261.3
Other Revenues | SWEPCo        
REVENUES        
TOTAL REVENUES $ 0.5 $ 2.4 $ 4.1 $ 6.3